Improving Forecasting via Multiple Temporal Aggregation

Fotios Petropoulos and Nikolaos Kourentzes

Foresight: The International Journal of Applied Forecasting, 2014, issue 34, 12-17

Abstract: In most business forecasting applications, the decision-making need we have directs the frequency of the data we collect (monthly, weekly, etc.) and use for forecasting. In this article, Fotios and Nikolaos introduce an approach that combines forecasts generated by modeling the different frequencies (levels of temporal aggregation). Their technique augments our information about the data used for forecasting and, as such, can result in more accurate forecasts. It also automatically reconciles the forecasts at different levels. Copyright International Institute of Forecasters, 2014

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:for:ijafaa:y:2014:i:34:p:12-17

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